26 Oct '11, 4pm

First Solar Early Announces Q3 After CEO Ouster, Cuts Guidance: First Solar, Inc. (Nasdaq: FSLR) is full of su...

Citi notes that "Mr. Gillette has been CEO since Sept. ’09 and since that time, only one of the top six corporate officers listed in the 2008 10K (the General Counsel) remains at the company, highlighting the significant management overhaul the past several years. Layoff may be coming -- our work suggests FSLR may be facing a layoff of up to 10% owing to the reality that it may have to run factories at less than full utilization during the next several quarters. This, in part, may have led to the management change." Morgan Stanley notes, "We believe that Robert Gillette's unexpected departure is likely a troubling sign of things to come. Unfortunately, the company does not plan to give out any details about the departure until it reports Q3 results on November 3rd. This announcement is a complete surprise to us given that Gillette was upbeat at last week's Solar Power Inte...

Full article: http://www.greentechmedia.com/articles/read/First-Solar-E...

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Departure Of First Solar CEO Rob Gilette Another Sign Of Solar's Troubles: Filed under: Energy News

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altenergystocks.com 26 Oct '11, 4pm

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greentechmedia.com 25 Oct '11, 7pm

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renewableenergyworld.com 25 Oct '11, 8pm

First Solar’s shares plummeted 26 percent to reach $43.06 per share near Tuesday's closing. The Arizona thin-film maker is...

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businessgreen.com 27 Oct '11, 12pm

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greentechmedia.com 27 Oct '11, 1pm

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eetimes.com 25 Oct '11, 6pm

MOUNTAIN VIEW, Calif.--Microprocessor architect ARM Holdings plc announced Tuesday (Oct. 25) it had seen strong growth in ...

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semiconductor-today.com 27 Oct '11, 1am

“Our current expectation is [MOCVD] orders will remain depressed for a few quarters,” notes Peeler. “While there are many ...

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renewableenergyworld.com 25 Oct '11, 7pm

Today, I am writing from Dallas, Texas, where I just participated in an inspiring roundtable discussion with leaders of ot...

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getsolar.com 25 Oct '11, 7pm

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icann.org 28 Oct '11, 7pm

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Hilton LightStay Program Cuts Hotel Energy Use by 6.6%, Saves $74M

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greenbiz.com 25 Oct '11, 4pm

Hilton Worldwide and its portfolio of 10 hotel brands announced the 2010 results of LightStay, its sustainability measurem...